Republic agrees to sell Frontier to former Spirit Airlines chairman‚Äôs group

Republic Airways Holdings has entered into a definitive agreement to sell Denver-based Frontier Airlines to Indigo Partners, which is led by former Spirit Airlines chairman Bill Franke.
The parties said in a statement the sale would be “an all-cash transaction,” adding, “An affiliate of Indigo Partners will acquire all the outstanding shares of Frontier … in a transaction valued at approximately $145 million, of which $36 million … is to be paid in cash ...

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